Cryptocurrency or cryptocurrency (digital currency) is a digital asset, developed to provide a platform or medium for exchange. In which the individual coin ownership, stored in the digital ledger or a computerized database. With the help of strong cryptography. Ensuring secure transaction record entities or to control the construction of additional digital coins records and also to verify the transfer of coin ownership.
Cryptocurrency does not have any physical existence like money we usually use (coins or notes). Also not issued by the central authority. Many of the cryptocurrencies are based on decentralized control as in oppose to centralized digital currency and centralized banking system.
Bitcoin-First Decentralised Cryptocurrency In Digital Currency
Bitcoin is the first decentralized cryptocurrency and rank in 1st position in the crypto space. Firstly, Bitcoin released as a software in 2009. Since the time bitcoin released over 5000 altcoins (alternative of bitcoin or another cryptocurrency rather than bitcoin) have been created. There are several platforms for the cryptocurrency exchange. Some countries are working to create their own national cryptocurrency as a second available money option while in another country the use of cryptocurrency is banned.
In the year 2007 Nakamoto stated the code writing for the bitcoin. In August 2008 he registered the domain name for bitcoin as bitcoin.org and hosted a web site on that address. After a month Nakamoto published a paper explaining work on cryptocurrency titled as “Bitcoin: A peer to peer cash system”.
Then he released the first version of Bitcoin at the beginning of the year 2009 and named as version 0.1. It also launched the network by mining the first block of the bitcoin (block 0) also referred to as the genesis block of bitcoin, rewarded with 50 bitcoin. Cryptocurrency market updates about Bitcoin provide the most recent Bitcoin market updates.
After the creation and success of bitcoin as the first cryptocurrency many of the money exchange platforms started working for creating their own cryptocurrency and many new companies also started working for the creation or alteration of bitcoin lately know as (altcoin).
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